Sasol cuts Secunda guidance again amid coal woes
Heavy rains and mining incidents expected to slash chemicals and energy group revenue by R3bn-R5bn
14 December 2021 - 08:39
UPDATED 14 December 2021 - 20:00
Chemicals and energy group Sasol has cut its production guidance for Secunda for the second time in two months, with heavy rains and mining incidents expected to cost it between R3bn and R5bn in lost revenue.
The news put Sasol’s shares on track for their worst day in over a year on Tuesday, but CEO Fleetwood Grobler said the group was being cautious with its production estimates, wanting to show recovery first before factoring in potential operational improvements...
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